Omai Gold Mines Ranks 6th on the TSX Venture Exchange 2026 Top 50
Original announcement by tmx on
- Company
- Omai Gold Mines Corp.
- Ticker
- OMG
- Exchange
- TSX
- Region
- Guyana
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-09-18 15:03:30 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Omai Gold Mines Corp. has been ranked 6th on the 2026 TSX Venture 50 list following significant share price and market capitalization growth in 2025. The company also provided a summary of its current gold resource scale in Guyana, totaling over 6.5 million ounces of gold across Indicated and Inferred categories.
Reasoning: The document highlights significant corporate performance and provides a summary of the current gold resource scale, though the resource figures themselves are historical references to an August 2025 update.
Positive factors
- Recognition as a TSX Venture Top 50 company
- Significant market capitalization growth (~C$125M to ~C$938M)
- Substantial gold resource scale (over 6.5 Moz total)
- Upcoming MRE update and PEA planned
Facts used in scoring: 4
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides a summary of the current global Mineral Resource Estimate for the Omai Gold Project.
Evidence · text
“This brings the global MRE at Omai, including the Wenot and adjacent Gilt deposit, to 2,121,000 ounces of gold (Indicated MRE) averaging 2.07 g/t Au in 31.9 Mt and 4,382,000 ounces of gold (Inferred MRE) averaging 1.95 g/t Au in 69.9 Mt.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is explicitly linked to a NI 43-101 Technical Report dated October 9, 2025.
Evidence · text
“NI 43-101 Technical Report dated October 9, 2025 titled "UPDATED MINERAL RESOURCE ESTIMATE AND TECHNICAL REPORT ON THE OMAI GOLD PROPERTY, POTARO MINING DISTRICT NO.2, GUYANA"”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Elaine Ellingham, P.Geo., is named as the Qualified Person who reviewed and approved the technical information.
Evidence · text
“Qualified Person Elaine Ellingham, P.Geo., is a Qualified Person (QP) under National Instrument 43-101”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedOmai Gold Project · goldTonnes: 20700000Grade: 1.46Grade Unit: g/tContained Metal: 970000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Omai Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana
- Ticker
- OMG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Elaine Ellingham
- Resource group id
- resource:995301f41f5cbc18cee7
- Deposit or zone
- Wenot Gold Deposit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- indicated
- Tonnes
- 20700000
- Grade
- 1.46
- Grade Unit
- g/t
- Contained Metal
- 970000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-09
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-01T00:00:00.000Z
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Historical resource figure provided for context.
Positive factors
- Indicated category provides geological confidence
Evidence · text
“In August 2025, the Company announced a 96% increase to the Wenot Gold Deposit NI 43-101 Mineral Resource Estimate (1) to 970,000 ounces of gold (Indicated) averaging 1.46 g/t Au, contained in 20.7 Mt”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOmai Gold Project · goldTonnes: 63400000Grade: 1.82Grade Unit: g/tContained Metal: 3717000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Omai Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana
- Ticker
- OMG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Elaine Ellingham
- Resource group id
- resource:0c49d15395522742864b
- Deposit or zone
- Wenot Gold Deposit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 63400000
- Grade
- 1.82
- Grade Unit
- g/t
- Contained Metal
- 3717000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-09
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-01T00:00:00.000Z
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Historical resource figure provided for context.
Negative factors
- Inferred category is speculative
Evidence · text
“and 3,717,000 ounces of gold (Inferred MRE) averaging 1.82 g/t Au, contained in 63.4 Mt.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOmai Gold Project · goldTonnes: 31900000Grade: 2.07Grade Unit: g/tContained Metal: 2121000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Omai Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana
- Ticker
- OMG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Elaine Ellingham
- Resource group id
- resource:19725fe55c5a92a2de5d
- Deposit or zone
- Omai (Wenot and Gilt)
- Mining method
- combined
- Material type
- unspecified
Resource Data
- Category
- indicated
- Tonnes
- 31900000
- Grade
- 2.07
- Grade Unit
- g/t
- Contained Metal
- 2121000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-09
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-01T00:00:00.000Z
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Historical global resource figure provided for context.
Positive factors
- Significant scale of indicated resource
Evidence · text
“This brings the global MRE at Omai, including the Wenot and adjacent Gilt deposit, to 2,121,000 ounces of gold (Indicated MRE) averaging 2.07 g/t Au in 31.9 Mt”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOmai Gold Project · goldTonnes: 69900000Grade: 1.95Grade Unit: g/tContained Metal: 4382000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Omai Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana
- Ticker
- OMG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Elaine Ellingham
- Resource group id
- resource:8197406b0c08564898fa
- Deposit or zone
- Omai (Wenot and Gilt)
- Mining method
- combined
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 69900000
- Grade
- 1.95
- Grade Unit
- g/t
- Contained Metal
- 4382000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-09
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-01T00:00:00.000Z
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Historical global resource figure provided for context.
Negative factors
- Inferred category is speculative
Evidence · text
“and 4,382,000 ounces of gold (Inferred MRE) averaging 1.95 g/t Au in 69.9 Mt.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.